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The Florida Real Estate Bust
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If you want to see the madness and the grisly aftermath of the U.S. housing boom and bust, look at Florida. It’s not alone. Vegas, Phoenix, San Diego, Detroit — they’ve all got horror-story numbers now. But the biggest home price drops in the country were in Miami last year.

Empty condos, collapsing values. The heart of the Florida meltdown — in Miami, the southwest, the Gulf Coast — could be Exhibit A for what went wrong in American real estate.

The condo vultures are out now. And there’s a story to tell.

This hour, On Point: Florida real estate, and the great American meltdown.

Guests:

Wayne Archer, executive director of the Bergstrom Center for Real Estate Studies at the University of Florida.

Peter Zalewski, founder of Condo Vultures, a real estate investment consulting firm.

Mike Larson, real estate analyst for Weiss Research.

Susan MacManus, professor of political science at University of South Florida.

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Jul 31, 2015
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Jul 31, 2015
In this undated photo provided by the Wildlife Conservation Research Unit, Cecil the lion rests in Hwange National Park, in Hwange, Zimbabwe. Two Zimbabweans arrested for illegally hunting a lion appeared in court Wednesday, July 29, 2015. (AP)

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Jul 31, 2015
Former University of Cincinnati police officer Ray Tensing, second from left, appears before Judge Megan Shanahan at Hamilton County Courthouse for his arraignment in the shooting death of motorist Samuel DuBose, Thursday, July 30, 2015, in Cincinnati. Tensing pleaded not guilty to charges of murder and involuntary manslaughter. (AP)

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